Sony Pictures Entertainment has promoted senior-ranking Columbia Pictures business affairs attorney Gary Schrager to Sony Pictures Motion Picture Group executive VP, the studio said Monday.
Schrager, who has been an executive veepee at Colpix since 1990, takes on a post described by Sony Pictures as that of the Motion Picture Group’s “primary dealmaking strategist” to spearhead the unit’s “transactional operations.”
The move further consolidates the power of top Sony Pictures movie execs Jonathan Dolgen and Mark Canton; Schrager will report to the two (who are, respectively, Motion Picture Group president, and Columbia/TriStar Motion Picture Companies chairman).
Last month, TriStar Pictures vice chairman and top business affairs executive Ken Lemberger was also promoted to a Sony Pictures post.
Schrager will support Dolgen and Canton in handling the business of its Motion Picture Group, including negotiating new Sony Pictures development deals and maintaining and servicing off-balance-sheet agreements in the mold of its current deal with Beacon Entertainment.
Prior to Colpix, Schrager’s posts included senior veepee of business and legal affairs for Largo Entertainment, senior veepee of business affairs for Lorimar Film Entertainment and senior veepee of legal affairs for TriStar Pictures.
Schrager’s promotion at Sony Pictures follows the promotions two weeks ago of Columbia Pictures vice chairman Sid Ganis and studio president Lisa Henson. It is expected that Ganis and Henson will move quick to fill the top dealmaking post at the studio.